MergerPlace

Profitable Turn-key Luncheonette

Union, New Jersey (Morris)


  • Asking Price: $119,900
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #207094
  • Established: Not Disclosed
  • Employees:

Business Description

ASSET SALE!! Modern Luncheonette off a major highway in a nice, safe town. It's a profitable turn-key business. Run semi-absentee so an owner-operator can take it to a much higher level. Luncheonette has a large variety of items & does a lot of catering to area businesses & residents. One owner has another similar business & cannot devote the time to oversee this restaurant. Two other owners are absentee. Average weekly sales is approx. $7,500 with cash flow of $1,200 +. The working owner is offering to stay on for some time to ensure a smooth transition. New qualified tenant can get a good long term lease situation like the owners have. Contact Seth Kain @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
Metropolitan Area: Union
County: Morris

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $119,900
Seller Financing Available: No

Property Information

Facilities:

All Furniture, Fixtures, & Equipment valued @ approximately $50,000 are in very good condition & included in the sale. It's in a small strip mall with plenty of free parking available for customers. A new qualified tenant can get a lease assignment on the approximately (8) remaining years on it. Or they could seek more years if desired.

Growth & expansion opportunities:

Some additional advertising & promotion would help to boost gross sales.

Competition:

There are several deli’s, a couple of diners, a couple of bagel shops within a 3 mile radius. Though, there aren't any similar type businesses within at least a couple of miles.

Reason for selling:

Owners have other business interests & none of them can devote too much time to running their business.

Support & Training:

3 weeks of training will be offered at no cost to the Buyer(s).

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Seth Kain

Executive Business Brokers